Saudi Arabia’s SALIC nears SAR 785 mln deal in Brazil: CEO

30/11/2015 Argaam

Saudi Agricultural & Livestock Investment Co. (SALIC) is close to securing a SAR 785 million deal in Brazil, as well as a separate deal in Australia, the company's chief executive officer Abdullah Aldubaikhi told Al-Arabiya TV, without giving more details.

 

Earlier this year, SALIC acquired a controlling stake of 50.1 percent in Canadian Wheat Board for SAR 750 million.

 

SALIC owns investments in India, Pakistan, Russia, New Zealand, Sudan, in addition to other projects valued at SAR 340 million in Poland and Ukraine, Aldubaikhi added.

 

In 2009, the Saudi cabinet established SALIC with SAR 3 billion in capital with the aim of improving the kingdom’s food security, according to data available on Argaam. 

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